Crypto Market Cap Drops as Bitcoin Faces Decline

The global cryptocurrency market cap fell by 4.14% to $2.94 trillion on December 16, with Bitcoin trading at $89,627, down 0.5%. Ethereum showed a modest gain of 0.6%, reaching $3,128, amidst a broader market decline. Crypto investors are reacting to recent economic data, as Bitcoin continues to face pressure. While Ethereum shows resilience, broader altcoin performances remain mixed as the sector faces challenges in the wake of global economic uncertainty.